The former Sears building in Downtown Wausau could have another life as a movie theater after all.
The Economic Development Committee will meet Thursday night to discuss the latest proposal to for the space, which is owned by the city.
City Economic Development Director Chris Schock talked about the matter last Tuesday during the regular city council meeting, saying there had been positive momentum from the owners of the Wausau Center Mall, MICON, and “the potential developers who are interested.”
Thursday's meeting will be in closed session. According to the agenda the committee will have “Discussion and possible action on redevelopment options related to a proposed cinema theater and developer partners.”
According to the agenda posting the closed session is for the purpose of negotiating the purchase of public properties, investing of public funds, or conducting other specified public business. The committee will also discuss phase 2 of the Wausau marketing and awareness project in closed session.
Original plans called for Eau Clare based MICON Cinemas to build a ten screen theater in the space. The city owns the land the Sears building sits on, however Center Mall management still has a say in the matter because the buildings share a wall.